Been so long I can’t remember. Just glad my paycheck clears every other week.
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My first year in the bonus plan I received something like a 20% bonus as well as 30% profit sharing. I think it was 91...
Had off for Memorial day
Free coffee ☕
@wqr You were lucky. All the Xerox people that supported me who were moved over to HCL got hit with sizable pay cuts last year and then we’re let go.
Honestly, by selling me to HCL
Stay bonuses, performance bonuses, cheaper benefits and 401k match every pay period
Well they have kept the bathrooms stocked with toilet paper....
Hard pressed to come up with an answer ..
I believe "Profit Sharing" bonuses were still being paid out to employees as late as 1995. It amounted to 10% of your salary paid out based on the prior year's ROA (return on assets). And just as Xerox began to scale back on those employee incentives and benefits, many of their top performing sales and management staff quickly abandoned them to pursue other opportunities and vendors. That's precisely when Xerox' business results began their precipitous decline. It is now a mere skeleton of what they once were - number of employees, revenues and stock price are at historic lows. The future does not look promising either. Sad place to work indeed.
1992